(I-Newswire) March 17, 2010 - Each year there is a vast amount of money transferred to and from America by various individuals and businesses. However, SendMoneyHome, the independent foreign exchange comparison site, find that thousands of dollars are being lost through a lack of information as to which money transfer provider is cheapest and safest.
The USA is currently the largest economy in the world and therefore the notion of the ‘American Dream’ rings hard and true for many citizens who make their way to America for a better life. This money may be transferred by a British expat moving to New York and buying a house, a Mexican husband and wife remitting money back to their family in Tijuana or a small business in Detroit importing car parts from Europe.
The big cities such as New York, Washington and California are attractive destinations for expatriates and students from Europe, Africa, Australasia and Asia. These individuals will be transferring money to the USA to purchase property, pay fees etc. and may also be transferring money back to their home country in support of family and friends.
Finally of course there are those businesses, of all sizes, spread across the whole United States who are making regular international payments to other businesses abroad to procure goods or services. In an ever expanding global marketplace and with the currency market fluctuating with a significant degree of volatility it is becoming increasingly important for these corporate enterprises to get the most for their $ when making overseas payments.
Unfortunately although banks are always prepared to assist the big multinationals with their international payments, the same is not always the case with smaller corporate enterprises. Banks make enormous profits by selling currency at a significant margin away from inter-bank rate (i.e the rate that is often quoted in newspapers and television) which results in a profit for them and a loss for the customer. As currency specialists have access to the live currency markets and buy foreign exchange in bulk they are able to sell currencies at a far lower margin off inter-bank whilst at the same time provide a more personalized service to their customers. Furthermore, segregated client ensure total security of funds.
For example one of SendMoneyHome’s partners is US-based currency specialist, Venstar Exchange. They quote a number of happy customers who have found that using currency professionals has given them access to significant savings both on a business, and personal level.
Adam R., Vice President of a Metals Company in Los Angeles remarks,
“Thanks again to all the Sales and Customer Service professionals at Venstar Exchange for their excellent customer service and super rates."
Whilst David H. who purchased a property in New York states that,
"I have received confirmation that my funds were received and the money was wired yesterday afternoon, thank you. Everything was smooth and easy."
At www.sendmoneyhome.org you can compare a wide range of foreign exchange providers including FX Broker, Banks and Money Transfer Operators. Our website allows customers to see who can offer them the best deal on their foreign exchange, whatever amount they wish to transfer. Our strategic partners can cater to any transactional value with FX Brokers specialising in higher level transfers and Banks and MTOs offering options on money transfers for smaller amounts.
The foreign exchange market has become increasingly competitive which puts the power back in your (the consumers) hands. Traditionally it has been dominated by the big banks who charge hefty fees and offer poor exchange rates to the average customer, be they an individual or SME business, where as now, on www.sendmoneyhome.org, you can see exactly how much money you could save by choosing the best service for you.
SendMoneyHome has enjoyed a long relationship with Venstar Exchange in the United States and they are clear in how using a specialist FX Broker provides unmatched value and service to the business and wider public sphere.
“Venstar’s exchange rates are among the most competitive rates available in the marketplace, allowing you to benefit from Venstar's unmatched wholesale rates and pricing. Venstar Exchange provides you with a team of experienced, knowledgeable and trust-worthy currency professionals, who in combination with Venstar’s wholesale exchange rate pricing, deliver the best possible service to you on every transaction.”
We currently compare foreign exchange providers in up to 125 countries when you are sending money from the USA and also have US headquartered Brokers listed for convenience and peace of mind. All of the companies that we listed have been carefully vetted by SendMoneyHome and adhere to strict regulations in both the USA and abroad. Furthermore please take a look at our USA country page where you will find money transfer information for each state in America.
Billions of dollars are transferred every year and unfortunately individuals and businesses are losing millions of dollars on these transfers through simply not being aware of the best service. Let www.sendmoneyhome.org correct this and set you on the way to saving money.
About SendMoneyHome:
The benchmark online independent and impartial price comparison site for the money transfer industry.
Company Contact Information
SendMoneyHome
Adam Creed
2 Puddle Dock
London
EC4V 3DS
Phone : +44 (0)207 332 9895
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